The run on SVB, leading to the second-largest bank failure in US history, and the enforced merger of Swiss banking giants Credit Suisse and UBS, raise a multitude of questions for regulation and compliance. We brought Alex Viall and Rob Mason, two experts with a wealth of regulatory experience in finance, together to assess the implications.

Among the issues discussed are:

• How to deal with social-media-fuelled market movements;
• The importance of executive culture in setting standards;
• Whether the idea of Swiss banking neutrality has been permanently damaged.